Brazil: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Brazil

The Brazilian market for machines for preparing, weaving and knitting textiles skyrocketed to $X in 2021, rising by 49% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles in Brazil

In value terms, textile weaving and knitting machinery production reached $X in 2021 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Brazil

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from Brazil declined sharply to X units, dropping by -31% on the previous year's figure. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 53%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports fell to $X in 2021. In general, exports saw a perceptible decline. The growth pace was the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Argentina (X units) and India (X units) were the main destinations of textile weaving and knitting machinery exports from Brazil, with a combined 66% share of total exports. The United States, Oman, Pakistan, Paraguay, El Salvador, Ecuador, France and Guatemala lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Brazil were Oman ($X), Germany ($X) and Argentina ($X), together accounting for 63% of total exports. These countries were followed by the United States, India, Pakistan, Paraguay, Ecuador, El Salvador, Guatemala and France, which together accounted for a further 18%.

Among the main countries of destination, the United States, with a CAGR of +14.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, increasing by 33% against the previous year. Overall, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Brazil

In 2021, purchases abroad of machines for preparing, weaving and knitting textiles increased by 50% to X units, rising for the fifth year in a row after four years of decline. Overall, imports, however, saw a mild downturn. The pace of growth was the most pronounced in 2017 when imports increased by 52%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Brazil, with a 48% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Japan (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Japan (-0.5% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Brazil were China ($X), Germany ($X) and Japan ($X), together comprising 62% of total imports. Italy, India, Belgium, Switzerland, Taiwan (Chinese), Vietnam, the United States and South Korea lagged somewhat behind, together comprising a further 29%.

Vietnam, with a CAGR of +57.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, dropping by -10.6% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 9.2%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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